INVESTMENT OFFERING
SAB Capital is pleased to present AT&T in Morrow, Georgia. The tenant has just extended its lease term for an additional five years, exhibiting continued commitment to the site. The lease is guaranteed by New Cingular Wireless PCS, LLC, a wholly-owned subsidiary of AT&T, Inc., which operates over 2,900 AT&T branches nationwide. The subject is in the densest retail area of Morrow and is ideally located on a major thoroughfare that sees over 21,000 vehicles per day, and strategically located nearby I-75, an interstate highway generating a traffic count of over 128,000 vehicles per day. The subject is approximately 16 miles south of Downtown Atlanta and under 6 miles southeast of Hartsfield-Jackson Atlanta International Airport.
- AT&T in Morrow, GA | 16 Miles South of Downtown Atlanta
- Wholly Owned Subsidiary Guaranty | New Cingular Wireless PCS | Operates More Than 2,900 Locations
- Tenant Demonstrates Commitment to Site | Recently Extended Lease By 5 Years | Four Previous Extensions Were Exercised
- Ideally Located Along Mt Zion Road and Nearby I-75 | Mt Zion Road: 21,000 Vehicles Per Day (VPD), I-75: 128,000 Vehicles Per Day (VPD)
- Dense Trade Area | More Than 1 Million Square Feet of Retail in Immediate Vicinity
- Extremely High Growth Market | Resident Population Increased 11% Since 2010 Within a 10 Mile Radius of the Subject
- Strong Market Demographics | Over 185,000 Residents Within 5 Miles of the Subject
- Additional Retail in the Area Includes: The Home Depot, Chipotle, Best Buy, Publix, Wendy’s, Taco Bell, PetSmart, Chick-fil-A and Many More
Tenant | Price | Cap Rate | Lease Type | Square Feet | Status |
---|---|---|---|---|---|
AT&T | $1,400,000 | % | Double Net | Closed |